budget

Marathon-long session on budget ends, vote may be after 3 days

Croatia's parliament finished a 14-hour long session on a 2017 draft budget shortly after Saturday midnight, and during the debate that started on...

Croatian PM: Political stability, positive trends oblige us to implement reforms

The government's political stability and favourable macroeconomic trends offer an opportunity as well as impose an obligation on the government to implement...

Chief-of-Staff satisfied with higher defence budget

Armed Forces (OSHR) Chief-of-Staff Mirko Sundov on Wednesday said that he was pleased with the planned increase in the budget allocation for the defence sector...

2017 budget guidelines defined, budget gap at HRK 6.8 bn

The Croatian government on Monday adopted guidelines for next year's budget, with revenues set at HRK 119.6 billion and expenditures at HRK 126.5 billion....

EU parliament, member states strike deal on 2017 budget

EU governments and the European Parliament reached a deal early Thursday on the bloc's 2017 budget, paving the way for 134.5 billion euros (144.1 billion...

EU lawmaker: EU budget hit by drop in British pound after Brexit vote

The fall in the value of the pound since Britain's June vote to leave the European Union has led to a notable shortfall in London's contributions to the bloc's...

EU misspent 5.5 billion euros last year, auditors find

The European Union spent about 5.5 billion euros (6.1 billion dollars) of its 2015 budget in error, the bloc's auditing body announced Thursday, while warning...

FinMin: Budget gap to be cut to close to 2% of GDP in 2017

Finance Minister Zdravko Maric said on Wednesday he was confident that the budget deficit would be reduced to more than the planned 2.6% of GDP by the end...

FinMin: Budget almost balanced, expenditures under control

At its first session after Sunday's snap parliamentary election, the caretaker government on Wednesday adopted a report on budget execution in the first half...

Budget gap reduced by 5.1 bn kuna in H1

In the first six months of 2016, Croatia's budget deficit came to HRK 2.4 billion, making up 0.7 % of GDP, and falling by 5.1 billion kuna compared to H1 2015...

FinMin says budgetary deficit in H1 2016 down HRK 5.1 bln

The budgetary deficit in the first six months of 2016 amounted to HRK 2.4 billion or 0.7% pg GDP, which is HRK 5.1 billion less than in the same period the...

IJF says transparency of local budgets insufficient, but improving

The budgetary transparency of local government and self-government units is unsatisfactory, but is improving, especially in smaller units with lower budgetary...

FinMin says Eurobond issue delay won't bring budget into question

Finance Minister Zdravko Maric said on Thursday that the postponed Eurobond issue would not bring into question anything regarding the budget. Speaking...

Budget revenue +3.7%, expenditure -6.5% in Q1

In the first three months of this year HRK 29.14 billion poured into the state budget, which is an increase of 3.7% on the year while expenditure amounted to...

Govt. to discuss 2015 budget execution, fiscal rule application

The government will discuss on Wednesday a report on the execution of the 2015 state budget and a report on the application of fiscal rules in 2015 which says...

Central bank pays HRK 483 mln into state budget

The Croatian National Bank (HNB) last year recorded a net profit of HRK 2.03 billion of which HRK 483 million will be paid into the state budget and the rest...

Gov't okays car lease buyout and purchase of new vehicles for Interior Ministry

The government on Wednesday adopted a decision allowing the buyout of 32 leased vehicles for special police tasks and the purchase of 23 new...

Analyst pleasantly surprised by budget deficit level

The chief economist at Societe Generale Splitska Banka, Zdeslav Santic, on Thursday welcomed the latest statistics on Croatia's budget deficit and...

Parliament adopts 2016 state budget

Parliament on Monday adopted the 2016 state budget with the expenditure side being set at HRK 122.4 billion, HRK 3.8 billion more than last year. Revenue is...

Gov't reallocates part of budget funds for political parties to science foundation

The Croatian government on Monday partly accepted an amendment by the Bridge party, the BUZ pensioners party and independent MP Gordana Rusak to the 2016 draft...

PM hopes Parliament will approve budget; no money for pay rises

Prime Minister Tihomir Oreskovic said on Sunday he hoped that the budget would be approved by Parliament on Monday, adding that there was no money in this year...

Deputy PM Petrov announces cuts for former president's office

Deputy Prime Minister and leader of the Bridge party on Wednesday announced amendments to the law regulating special rights for former presidents and confirmed...

94 amendments submitted to draft budget

Members of parliament and parliamentary groups have submitted 94 amendments to the 2016 draft budget, of which those from the opposition Croatian People's...

Gov't to secure more money for student transport

The government submitted an amendment to the 2016 budget proposal on Tuesday, suggesting reallocation of 32 million kuna for public commuter transport for...

PM: Possible changes to HNB Act

Prime Minister Tihomir Oresovic said on Tuesday that the Croatian National Bank (HNB) should remain autonomous in running monetary policy, but raised the...

Parliamentary opposition slams budget proposal

Opposition benches in parliament on Tuesday criticised this year's draft budget with Social Democratic Party (SDP) leader Zoran Milanovic  accusing the...

PM presents budget proposal in parliament

Prime Minister Tihomir Oreskovic presented in the parliament on Tuesday a budget proposal for this year, describing 2016 as a watershed year in which Croatia...

FinMin: Gov't will introduce ESA2010 methodology with 2017 budget

Finance Minister Zdravko Maric said on Monday that in drawing up the state budget for 2017, the government would, apart from the national methodology, also...

Minorities committee endorses draft gov't budget

The parliamentary Human and National Minority Rights Committee on Monday endorsed the 2016 draft budget with four abstentions. Those who abstained were...

Opposition HNS won't vote for budget proposal

The Croatian People's Party (HNS) will not support the draft budget for 2016 as this Opposition party believes that the budget proposal is unambitious and...

War Veterans Committee session postponed

The Croatian parliament's Committee on War Veterans, which was to have discussed the budget proposal for 2016 on Monday, did not do so because Committee chair...

Scientific community shocked by this year's budget

The scientific community in Croatia is shocked by the proposed 2016 budget because it has been stripped of HRK 450 million, while the academic community has...

HNB governor: 2016 budget within expected limits

Croatian National Bank (HNB) Governor Boris Vujcic said on Friday that the proposed 2016 budget was within expected limits and that the HNB too estimated that...

Karamarko dismisses criticism of draft 2016 budget

The president of the Croatian Democratic Union (HDZ) and First Deputy Prime Minister, Tomislav Karamarko, on Thursday commented on criticism from economic...

SDP chief: First austerity measure should be to sack HDZ sympathisers

Social Democratic Party (SDP) leader Zoran Milanovic on Thursday commented on the draft budget and stressed that his government had left their successors with...

Education, social policy, labour ministers talk 2016 draft budget

In the 2016 draft budget, the government plans to cut public transport subsidies for secondary school students, Education Minister Predrag Sustar said on...

Opposition MP: How will savings on household allowances be made?

MP Branko Grcic of the opposition Social Democratic Party (SDP) said on Thursday that the 2016 draft budget, at first glance, did not contain major changes on...

HGK, HUPsays projected GDP growth biggest risk for budget

The Croatian Employers' Association (HUP) and the Croatian Chamber of Commerce (HGK) said that the primary focus in creating the draft 2016 budget was to...

Govt. unveils plan to solve macroeconomic imbalances

The government on Thursday unveiled a plan aimed at eliminating macroeconomic imbalances because of which Croatia risked corrective action from the European...

Proposed 2016 budget not reform-oriented, analysts say

The proposed 2016 budget is not reform-oriented, and genuine reforms might be visible only in the government's economic programme, which the European...

PM says 2016 budget could favourably impact credit rating

The 2016 draft budget which the government sent to parliament today is balanced, optimised, very good and could favourably impact Croatia's credit rating,...

Government adopts draft 2016 budget

The government on Thursday unveiled the draft 2016 budget projecting revenues at HRK 114.9 billion, expenditures at HRK 122.4 billion and the deficit at HRK 7....

Budget gap to be 2.2% of projected GDP

The Croatian government will present on Thursday its budget proposal for 2016, which envisages a deficit of HRK 7.4 billion or 2.2% of the projected GDP....

GSV takes note of budget proposal

The Economic and Social Council (GSV) on Wednesday took note of a budget proposal for this year, to be forwarded by the government to the parliament on...

Oreskovic says budget outlays for war veterans unchanged in 2016

Croatian Prime Minister Tihomir Oreskovic on Wednesday held talks with representatives of a score of war veterans associations and, when asked about the budget...

Deficit to be covered by borrowing, privatisation, says FinMin

Finance Minister Zdravko Maric said on Wednesday the government planned to borrow again, possibly in the spring, to cover a planned budgetary deficit of HRK 9....

Judicial reforms necessary despite budget cut, says minister

Justice Minister Ante Sprlje said on Tuesday that everyone in the judicial authority was agreed about the reforms necessary in the judiciary despite a...

FinMin presets budget guidelines to President's economic council

The Croatian President's Council for Economic Issues on Wednesday received Finance Minister Zdravko Maric who presented the council with detailed guidelines...

President's Office spends nearly 5 mln kuna less than planned in 2015

The Office of Croatian President Kolinda Grabar-Kitarovic spent nearly 5 million kuna less than planned in 2015, the president's office said adding that its...

HUP: Reforms announced by government invisible in guidelines

The head of the Croatian Employers' Association (HUP), Davor Majetic, said on Thursday that the reforms that had been announced by the government were not...

Oreskovic: Budget guidelines are realistic

Prime Minister Tihomir Oreskovic said on Thursday that the budget guidelines, adopted at a Cabinet meeting earlier in the day, were a realistic plan. "...

SDP official says guidelines reflect no serious reforms

Social Democrat Party (SDP) parliamentarian Branko Grcic said on Thursday that the government's guidelines for the 2016 budget failed to provide any outlines...

Chamber of Commerce: 2% GDP growth feasible, albeit optimistic

The Croatian Chamber of Commerce (HGK) said on Thursday that the government's guidelines for drawing up the 2016 budget were just the first step which should...

Budget revenues planned at HRK 113b, expenditures at HRK 120.4b

The revenues of the 2016 budget are planned at HRK 113 billion and expenditures at HRK 120.4 billion, with the deficit amounting to about HRK 7.5 billion, or 2...

Gov't to adopt guidelines for drafting this year's budget on Thursday

The Croatian government is expected at its meeting on Thursday to adopt guidelines for the drafting of this year's budget, with projections for 2017 and 2018...

FinMin: Budget expenditure projected at HRK 120bn

Finance Minister Zdravko Maric said on Tuesday that under the Economic and Fiscal Policy Guidelines to be presented at a Cabinet meeting later this week, the...

Milanovic says PM should draw up budget, not lecture on etiquette

Social Democratic Party (SDP) president Zoran Milanovic responded on Tuesday to Prime Minister Tihomir Oreskovic's call for more tolerance in public...

FinMin: Budget to be adopted on March 10, deficit target 3% of GDP

The Croatian government intends to adopt a budget for this year on March 10 and plans to reduce the budget deficit to 3% of GDP, Finance Minister Zdravko Maric...

Social policy minister says ministry's budget in 2016 totals HRK 4.4 bln

Under the first working draft of the state budget for 2016, the Social Policy and Youth Ministry will have around HRK 4.4 billion at its disposal, which is...

2015 budget deficit considerably lower than planned

Croatia's consolidated central government deficit in 2015 was HRK 9.6 billion or 2.9 percent of GDP according to the GFS 2001 methodology, preliminary data...

PM says every option possible to cut budget deficit

Prime Minister Tihomir Oreskovic said on Wednesday the priority regarding this year's budget was to reduce the public debt, adding that attempts would be made...

Economy minister says cuts must be made

Economy Minister Tomislav Panenic said on Tuesday after a meeting at which Prime Minister Tihomir Oreskovic and Finance Minister Zdravko Maric presented the...

FinMin rules out tax changes in 2016

Finance Minister Zdravko Maric said on Tuesday that he would prepare macroeconomic prerequisites over the next two weeks relating to economic growth, inflation...

"Big differences" remain between Portugal, EU on 2016 budget

Portugal and the European Union are struggling to find common ground on the country's budget for this year, with an EU spokeswoman saying on Monday that "...

Karamarko hopes state budget will be passed in mid-March

Deputy Prime Minister and Croatian Democratic Union (HDZ) leader Tomislav Karamarko has said that he believes that a state budget for 2016 will be adopted in...

FinMin says 2016 budget first test, basis of future credit ratings

Finance Minister Zdravko Maric commented on Saturday on the Fitch Ratings agency's latest report on Croatia, saying it was good that Croatia's rating...

New ministers submit reports on situation in their ministries

At the start of the first session of the Tihomir Oreskovic Cabinet, the new ministers submitted reports on the takeover of ministerial duties, the situation in...

Institute of Public Finance: Reforms should focus on budget expenditure, public debt

The Institute of Public Finance (IJF) on Tuesday released the publication "To the Government and the Parliament of the Republic of Croatia" recommending all-...

Economists for reducing budget outlays by EUR 400-500 mln in 2016

The government should reduce the expenditure side of the budget by 3-4 billion kuna this year, and also by the same amount in 2017, so as to achieve the goal...

FinMin: Economic and fiscal guidelines to be prepared in next weeks

The new Finance Minister Zdravko Maric said on Sunday that his ministry would draw up guidelines of the economic and financial policy in the next three weeks...

1st meeting of new cabinet focuses on budget

The first working meeting of the new government led by Prime Minister Tihomir Oreskovic was held on Saturday morning after the new government was approved by...

New gov't to increase funds for culture, education and science

In its guidelines for culture, education and science that were presented in the national parliament on Friday, the government led by Tihomir Oreskovic...

Karamarko and Petrov: Government's first move will be to draw up budget

The leaders of the ruling Croatian Democratic Union (HDZ) and Bridge parties and nominated deputy prime ministers, Tomislav Karamarko and Bozo Petrov...

HDZ chief rules out any new taxes

Croatian Democratic Union (HDZ) leader Tomislav Karamarko on Tuesday said that PM-Designate Tihomir Oreskovic and his interlocutors in Kitzbuehel ...

Bridge set to propose abolishment of MPs' benefits

The Bridge reformist party will work on the revocation of some of the pecuniary benefits enjoyed by parliamentary deputies in a bid to make savings in the...
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